Construction Dive

FEBRUARY 12, 2014

By Bruce Jervis Commercial general liability (CGL) insurance policies have been the source of much controversy in the construction industry. The policies insure against personal injury or property damage caused by an occurrence during the contractor’s performance of the work. Insurers certainly don’t intend them to.

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Insurance Contractors Liability Injury 56

Levelset

APRIL 28, 2022

In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects the property owner, not the GC.

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Insurance Contractors Claims ABC 52

Levelset

SEPTEMBER 16, 2022

The life of a contractor is a hectic one with most of the time spent on a jobsite — and a lot of places in between. Your base insurance policy may offer some coverage for unexpected damage to some business property, but making assumptions about the extent of coverage could lead to some financial distress. .

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Insurance Equipment Contractors Risk 52

Levelset

OCTOBER 19, 2022

However, before starting work on a building financed with a construction-to-permanent loan, both property owners and contractors need to understand the risks. Contractor risks with a construction-to-permanent loan. These risks should be a non-issue when contractors have a comprehensive risk management plan in place.

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Contractors Lien Finance Construction 98

Contractor Connection

FEBRUARY 2, 2025

By streamlining claims, reducing costs and easing administrative burdens, commercial MRPs connect property owners with a trusted network of skilled general and specialty commercial contractors who are committed to delivering accurate estimates, timely repairs and exceptional service. 3,000+ U.S.

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Commercial Claims Management Insurance 52

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The basics of retainage Retainage, also called retention, is an amount withheld from the contractor until a later date.

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Contractors Cash Flow Lien Negotiation 98

Construction Law Monitor

AUGUST 9, 2011

Liberty Mutual Insurance Company (“Sloan”), the US Court of Appeals for the Third Circuit has an in depth discussion regarding some technical yet very important clauses found within many construction contracts between general contractor, subcontractors, owner and the surety. Liquidating Agreement. Sloan pg 17.

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Agreement Contract Insurance Construction 57

Best Practices Construction Law

FEBRUARY 25, 2014

Well, in a recent construction dispute in Maryland, “the Man” was the owner’s insurance company. The construction manager was a joint venture between Perinit Building Company and Turner Construction Company (the “Contractor”). The Insurance Claim. In Perini/Tompkins Joint Venture v.

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Insurance Maryland Claims Construction 59

Levelset

SEPTEMBER 23, 2022

General contractors know these risks when they take the role. Luckily, that’s what insurance is for, right? But what if the general contractor isn’t at fault, and a subcontractor is to blame? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? General liability insurance.

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Insurance Liability Accidents Risk 52

Levelset

JUNE 3, 2022

Construction contractors face potential loss with each project they take on. When a loss occurs, it can put a real crunch on a contractor’s cash flow. Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. It also helps contractors manage cash flow during a loss.

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Best Practices Construction Law

FEBRUARY 21, 2018

Reading and understanding an insurance policy on a construction project can be a lot like understanding my kids playing Speak Out. Proper insurance coverage is an important risk management tool for contractors, subcontractors, project owners/developers and design professionals. Nautilus Insurance Co. ,

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Insurance Subcontracting Injury Construction 54

Levelset

APRIL 8, 2022

Restoration contractors often work on a property after damage from a storm, fire, or other natural disaster. On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding homeowner insurance policies. Insuring agreement.

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Insurance Claims Agreement Lien 52

Levelset

OCTOBER 13, 2022

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. Related: 9 Common Insurance Policies in Construction. Why a certificate of insurance matters.

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Insurance Certification Contractors Liability 52

Levelset

SEPTEMBER 6, 2022

An insurance policy rarely meets every contractor’s needs out of the box. One of the most common endorsements you’ll likely encounter involves additional insured (AI) parties. In this article, we’ll explain additional insured endorsements, and how they work in construction. What is an additional insured?

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Insurance Liability Construction Contract 52

Levelset

APRIL 8, 2022

Restoration contractors often work on a property after damage from a storm, fire, or other natural disaster. On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding homeowner insurance policies. Insuring agreement.

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Insurance Claims Agreement Lien 52

Levelset

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. Like a basic construction agreement, you can upgrade or downgrade your insurance policy just as a customer might do with the fit and finish of a building. What is an insurance endorsement? How insurance endorsements work.

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Insurance Liability Equipment Agreement 52

Levelset

APRIL 15, 2022

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs.

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Insurance Contractors Lien Claims 52

Levelset

OCTOBER 20, 2022

This type of damage may leave electrical contractors unable to foot the bill. Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance?

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Insurance Liability Electrical Accidents 52

Construction Law Monitor

MARCH 6, 2012

Just the other day here at Wolfe Law Group , I had to do so research for a client on the licensing rules for contractors. This got me thinking that many contractors and hiring parties do not necessarily know the rules that govern contractors of all types. Home Improvement Contractors ( La R.S. 37:2150 et seq. See La R.S.

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Louisiana Contractors Certification Contract 68

Lets Build

JUNE 29, 2017

In fact, it’s pretty much the same process as hiring a general contractor, and perhaps even a doctor, accountant, or any other professional. These days you’ll find that some contractors prefer not to give out the information of their best workers but depending on how close you are with your “competition,” they may be willing to lend a hand.

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Construction Contractors Contract Change Orders 163

Job Order Contracting

SEPTEMBER 29, 2017

(c) “Job order” – a firm, fixed priced, lump-sum order issued by an organization to a job order contractor for a definite project scope of work as compiled from the unit price book to be performed pursuant to a job order contract. (d)

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Contractor Connection

JUNE 22, 2017

Having a clear, comprehensive contract with your general contractor is one of the most important aspects of a successful home remodeling or renovation project. A contract protects you, your budget, and your property, so make sure to consider the following as you negotiate your agreement: Licensing. Scheduling. Warranties.

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Contract Remodeling Insurance Schedule 74

Autodesk Construction Cloud

SEPTEMBER 1, 2022

The construction industry uses different kinds of agreements depending on the project’s scope, delivery, schedule, budget, and the parties involved. A construction contract agreement gets everyone involved in a project on the same page. . Under a cost-plus contract, contractors are paid for all of their construction-related expenses.

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Contract Maine Construction Agreement 98

Construction Enquirer

JULY 5, 2023

Electricians are set for a 7% wage rise from 2024 after a new pay deal was hammered out by electrical contractors and union Unite under the JIB collective agreement. “This agreement gives us an opportunity to work with Unite on longer-term ambitions to update and modernise the industry to improve skills for a low carbon economy.”

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Agreement Electrical Deals Bargains 74

NH Construction Law

SEPTEMBER 28, 2021

Sphere Drake Insurance, PLC , 202 F.3d 2000) (“We adhere to our view that one-sided agreements to arbitrate are not favored.”). June 5, 2014), a payment dispute between a subcontractor and contractor on a federal project. Some of them give just one of the parties an option to require arbitration. See DiMercurio v.

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Agreement New Hampshire Subcontracting United States 40

Construction Cost Estimating

AUGUST 7, 2020

Along these lines, you're forthright with your next concrete project and are searching for tips to select the best concrete contractor in your town. Also, as not all contractors are made equivalent you must limit your decisions to pick the best one. You can likewise request referrals.

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Concrete Contractors Insurance Agreement 52

Best Practices Construction Law

AUGUST 12, 2014

An AIA press release highlights the array of how AIA agreements seek to accommodate the various ways in which design build projects are delivered. The key document is, of course, the agreement between the Owner and the Design-Builder. For example, the 2014 Exhibit A is an insurance and bonds exhibit. Additional Changes.

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AIA Documentation Design Agreement 54

Construction Lawyer

OCTOBER 18, 2006

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Categories.

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Agreement Illinois AIA Chicago 40

Levelset

APRIL 15, 2022

Mayer Building Company is a New Orleans-based general contractor that specializes in commercial construction and historic renovations. You’ll generally want to prequalify new general contractors before establishing a working relationship. Download Mayer Building Company’s sample subcontractor agreement. . Progress payments.

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Resource Lien Documentation Change Orders 97

Construction and Infrastructure Law

JANUARY 9, 2020

Indemnification clauses appear in nearly every agreement, but they are often overlooked as mere boilerplate provisions after the parties have painstakingly negotiated all of the other terms. Indemnification clauses are arguably the most important part of an agreement when an accident or dispute arises on a project. Code § 2782; N.Y.

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Liability Agreement Drafting Insurance 69

Job Order Contracting

FEBRUARY 20, 2023

general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, 5117.9002 Applicability. (a) “Coefficient” means a numerical factor that represents costs (generally indirect costs) not included in JOCPB unit prices (e.g., b) Statement of work. (1)

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Contract Office Negotiation Documentation 264

Construction Law Monitor

OCTOBER 30, 2013

The Louisiana State Licensing Board for Contractors (LSLBC) is a very useful place for Louisiana contractors. I was recently reading up on the requirements for home improvement contractors. The LSLBC is a one stop shop for all things related to contractor licensing. It is a good place for both contractors and consumers.

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Louisiana Contractors Lien Liability 51

NH Construction Law

JULY 26, 2020

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” Mechanical Contractors, Inc. 2020 WL 3527909 (June 29, 2020). 2d 871, 880 (Fla. ”); Lamar Homes, Inc. 3d 1, 12 (Tex.

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Insurance Liability Accidents Michigan 40

Construction Lawyer

FEBRUARY 28, 2014

281 Broadway Holdings, LLC , a subcontractor was forced to pay for the costs of defense of the owner and general contractor, even though the court found that the contractor was not at fault. The owner hired Pavarini as the general contractor. The owner and the general contractor filed cross-claims against SJ for indemnification.

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Contract Contractors Insurance Accidents 40

Construction Lawyer

DECEMBER 28, 2007

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. from Cialis.

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Agreement Illinois AIA Chicago 40

Construction Lawyer

APRIL 20, 2006

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Categories.

Insurance 40

Insurance Illinois AIA Chicago 40

Levelset

JUNE 13, 2022

In the State of New York, contractors working on certain residential projects need to have a good understanding of the NY Home Improvement Contracts Act. Here’s what NY residential contractors must include (and what can’t be included) in a New York home improvement contract. Law §395-A.

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